Dimensional Fund Advisors LP lifted its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 115.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 437,482 shares of the bank’s stock after acquiring an additional 234,328 shares during the period. Dimensional Fund Advisors LP’s holdings in Bank of Marin Bancorp were worth $18,041,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Bank of Marin Bancorp during the 3rd quarter worth approximately $660,000. Bank of New York Mellon Corp grew its position in Bank of Marin Bancorp by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,868 shares of the bank’s stock worth $3,261,000 after purchasing an additional 782 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Bank of Marin Bancorp by 59.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 5,086 shares of the bank’s stock worth $427,000 after purchasing an additional 1,887 shares during the last quarter. AQR Capital Management LLC grew its position in Bank of Marin Bancorp by 4.9% during the 3rd quarter. AQR Capital Management LLC now owns 33,144 shares of the bank’s stock worth $2,781,000 after purchasing an additional 1,546 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Bank of Marin Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 335,756 shares of the bank’s stock worth $28,170,000 after purchasing an additional 3,751 shares during the last quarter. 43.13% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on BMRC shares. Zacks Investment Research downgraded shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. BidaskClub raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. Finally, ValuEngine raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $44.75.
NASDAQ:BMRC opened at $42.46 on Tuesday. The company has a market cap of $589.96 million, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.30 and a beta of 0.59. Bank of Marin Bancorp has a twelve month low of $34.70 and a twelve month high of $45.42. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.01.
Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, January 28th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. The company had revenue of $26.70 million for the quarter, compared to the consensus estimate of $25.57 million. Bank of Marin Bancorp had a net margin of 31.00% and a return on equity of 10.63%. On average, equities research analysts expect that Bank of Marin Bancorp will post 2.66 earnings per share for the current year.
In other news, insider Peter Pelham sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $41.91, for a total value of $335,280.00. Following the sale, the insider now directly owns 19,110 shares of the company’s stock, valued at approximately $800,900.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Elizabeth Reizman sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $41.46, for a total transaction of $41,460.00. Following the completion of the sale, the executive vice president now directly owns 7,990 shares in the company, valued at $331,265.40. The disclosure for this sale can be found here. Insiders sold a total of 14,117 shares of company stock worth $591,654 over the last ninety days. Insiders own 5.17% of the company’s stock.
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Bank of Marin Bancorp Profile
Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.
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